Where allowances have been made under one particular code to a person in respect of capital expenditure, that person cannot receive allowances under any other code either:
- Ìý
(a)ÌýÌýÌýÌý in respect of that expenditure, or
- Ìý
(b)ÌýÌýÌýÌý in relation to the provision of any asset to which that expenditure related1
In these provisions, 'capital expenditure' includes any contribution to capital expenditure2. Expenditure 'relates to' an asset only if it relates to its provision and the provision of an asset includes its construction or acquisition3.
Capital expenditure also includes expenditure treated as capital expenditure for the purposes of the structures and buildings
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:16